9th Sep 2022 11:13
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Capital & Counties Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Shaftesbury plc |
(d) Date dealing undertaken: | 8 September 2022 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Shaftesbury plc |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | Purchase
Sale
| 810,102
630,179 60,611 | 1.1880 GBP
1.1875 GBP 23.3544 ZAR | 1.1720 GBP
1.1715 GBP 23.3544 ZAR |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 11,360 7,352 1,426 813 21,834 11,898 3,340 924 3,479 4,709
3,574 2,035 60,611 6,687 3,150 616 30,191 32 1,535 8,119 19,962 8,221 60,611 6,833 53,778 1,341
11,914 4,623 2,532 5,663 813 4,086 4,513 184 26,589 2,745 1,298
649 37,784 4,916 55,813 130,918 32 15,219 15,053 2 57 6,274 23 1,935 2,659 31 60,611 7,352 22,144 11,100 6,833 1,788 7,345 3,667 2,170
60,611 60,611 1,788
60,611 60,611 1,341 | 1.1740 GBP 1.1764 GBP 23.4873 ZAR 23.5000 ZAR 23.5006 ZAR 23.5080 ZAR 23.5176 ZAR 23.6400 ZAR 23.7349 ZAR 23.8284 ZAR
1.1715 GBP 1.1720 GBP 1.1730 GBP 1.1736 GBP 1.1740 GBP 1.1749 GBP 1.1757 GBP 1.1760 GBP 1.1810 GBP 1.1814 GBP 1.1821 GBP 1.1838 GBP 23.3544 ZAR 23.4900 ZAR 23.5407 ZAR 23.6691 ZAR
1.1802 GBP 1.1835 GBP 23.4400 ZAR 23.4539 ZAR 23.4600 ZAR 23.4721 ZAR 23.4744 ZAR 23.5900 ZAR 23.5986 ZAR 23.6200 ZAR 23.7600 ZAR
1.1710 GBP 1.1740 GBP 1.1741 GBP 1.1750 GBP 1.1756 GBP 1.1760 GBP 1.1773 GBP 1.1796 GBP 1.1801 GBP 1.1806 GBP 1.1807 GBP 1.1811 GBP 1.1820 GBP 1.1830 GBP 1.1831 GBP 23.3544 ZAR 23.4769 ZAR 23.4833 ZAR 23.4875 ZAR 23.4900 ZAR 23.5492 ZAR 23.6878 ZAR 23.7448 ZAR 23.7800 ZAR
1.1730 GBP 23.3544 ZAR 23.5492 ZAR
1.1730 GBP 23.3544 ZAR 23.6691 ZAR |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
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(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
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| Date of disclosure: | 9 September 2022 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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